During yesterday’s Ohio Obamacare sale-a-thon, President Obama stated that employers “would see premiums fall by as much as 3,000 percent” if his health care reform was signed into law. A premium decline of 3,000% means that employers would receive in income 29 times what they spend on health care premiums. So to make $29 million, all a business needs to do is hire 100 employees and provide them with health insurance at a cost of $10,000 per employee (a total cost of $1 million). Once Obamacare becomes law, these premiums will decline by $30 million — meaning that the health insurance companies will pay the employer $29 million for the privilege of providing health care insurance to the employees. A $29 million profit all without making a single product. Just think of how many jobs that could “create or save.” Obamanomics at work.
If you are interested in a preview of the USA of the future should we fail to end our plunge into leftist utopia, look no farther than Detroit. Detroit has been the model city for the leftist vision of Utopia since the 1960′s.
It is a city detached from the economic realities of supply and demand and the fight to remain competitive and give customers what they want. It is a city where the critical balance of power between labor and capital was artificially jammed in favor of labor, giving inordinate power to unions. Wages and benefits have been maintained at the highest in the world without regard to value provided. Failure was not allowed, the rich uncle (Sam) was always there to bail out. People were not fired, they were simply moved into “job banks” drawing near full pay for NOT working. A workers paradise!
This thought provoking video takes us on a tour of this workers’ paradise today as the unemployment rate pushes 30%. One fact says it all: A Detroit student today is more likely to go to prison than to graduate from high school.
Liberal or conservative, Republican or Democrat, you owe yourself a look at this video.
Liberal Logic. Michael Moore. Each an alliterative phrase. One an oxymoron and the other a moron of another type.
Michael Moore, champion of the working class used a non-union crew to film his new documentary, “Capitalism: A Love Story”. A movie in which Moore, who makes his fortune from his movie and book sales, attacks capitalism. Isn’t there a word for this? Perhaps a few…
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